Archive for January 19th, 2012

Traders were unconvinced by a radical proposal by the International Monetary Fund (IMF) to deploy $1 trillion (£648bn) to stem the European debt crisis and its impact on the global economy. By Louise Armitstead TelegraphUK 18 Jan 2012 Christine Lagarde, head of the IMF, dramatically announced the fund’s intention to raise $500bn to almost... »

By Ambrose Evans-Pritchard TelegraphUK January 18th, 2012 Here is the latest money supply chart from the Banca d’Italia. Just look at M3. Horrendous. See page 7 of this report. This speaks for itself. There is no clearer indictment of the dysfunctional nature of monetary union. Italy is being pushed into depression. Criminal. Obviously, Italy... »

Doctors have threatened their first industrial action for more than 30 years after refusing to accept cuts to their pension pots, which are each worth an average of £1.7million. By Robert Winnett, and Rebecca Smith TelegraphUK 18 Jan 2012 The British Medical Association, which represents 130,000 doctors and medical students, said two thirds of... »

NTDTV.com Heavy snow on Japan’s northern island of Hokkaido. An unusually powerful storm hit the city of Iwamizawa on Monday, leaving behind mounds of snow nearly two metres deep. Scientists say they can’t confirm exactly how much snow fell because their measuring instruments were damaged in the blizzard. But the island’s meteorological agency said... »

by George Washington ZeroHedge.com 01/18/2012 In the face of massive Internet protest today, key senate and house backers of the SOPA and PIPA web censorship bills – including Senators Marco Rubio, Roy Blunt, John Cornyn, Orrin Hatch, John Boozman and Jim DeMint, and Representatives Ben Quayle and Lee Terry – have dropped their support.... »